diff --git a/drivers/gpu/drm/i915/display/intel_dp.c b/drivers/gpu/drm/i915/display/intel_dp.c
index 1a0eb4c4d666d4cd11460a1ca1e85221336d0956..7e5d9b959c1d662db6f51f696cb3e022d5b3dd2b 100644
--- a/drivers/gpu/drm/i915/display/intel_dp.c
+++ b/drivers/gpu/drm/i915/display/intel_dp.c
@@ -212,6 +212,10 @@ int intel_dp_max_lane_count(struct intel_dp *intel_dp)
 	return intel_dp->max_link_lane_count;
 }
 
+/*
+ * The required data bandwidth for a mode with given pixel clock and bpp. This
+ * is the required net bandwidth independent of the data bandwidth efficiency.
+ */
 int
 intel_dp_link_required(int pixel_clock, int bpp)
 {
@@ -219,16 +223,52 @@ intel_dp_link_required(int pixel_clock, int bpp)
 	return DIV_ROUND_UP(pixel_clock * bpp, 8);
 }
 
+/*
+ * Given a link rate and lanes, get the data bandwidth.
+ *
+ * Data bandwidth is the actual payload rate, which depends on the data
+ * bandwidth efficiency and the link rate.
+ *
+ * For 8b/10b channel encoding, SST and non-FEC, the data bandwidth efficiency
+ * is 80%. For example, for a 1.62 Gbps link, 1.62*10^9 bps * 0.80 * (1/8) =
+ * 162000 kBps. With 8-bit symbols, we have 162000 kHz symbol clock. Just by
+ * coincidence, the port clock in kHz matches the data bandwidth in kBps, and
+ * they equal the link bit rate in Gbps multiplied by 100000. (Note that this no
+ * longer holds for data bandwidth as soon as FEC or MST is taken into account!)
+ *
+ * For 128b/132b channel encoding, the data bandwidth efficiency is 96.71%. For
+ * example, for a 10 Gbps link, 10*10^9 bps * 0.9671 * (1/8) = 1208875
+ * kBps. With 32-bit symbols, we have 312500 kHz symbol clock. The value 1000000
+ * does not match the symbol clock, the port clock (not even if you think in
+ * terms of a byte clock), nor the data bandwidth. It only matches the link bit
+ * rate in units of 10000 bps.
+ */
 int
-intel_dp_max_data_rate(int max_link_clock, int max_lanes)
+intel_dp_max_data_rate(int max_link_rate, int max_lanes)
 {
-	/* max_link_clock is the link symbol clock (LS_Clk) in kHz and not the
-	 * link rate that is generally expressed in Gbps. Since, 8 bits of data
-	 * is transmitted every LS_Clk per lane, there is no need to account for
-	 * the channel encoding that is done in the PHY layer here.
+	if (max_link_rate >= 1000000) {
+		/*
+		 * UHBR rates always use 128b/132b channel encoding, and have
+		 * 97.71% data bandwidth efficiency. Consider max_link_rate the
+		 * link bit rate in units of 10000 bps.
+		 */
+		int max_link_rate_kbps = max_link_rate * 10;
+
+		max_link_rate_kbps = DIV_ROUND_CLOSEST_ULL(max_link_rate_kbps * 9671, 10000);
+		max_link_rate = max_link_rate_kbps / 8;
+	}
+
+	/*
+	 * Lower than UHBR rates always use 8b/10b channel encoding, and have
+	 * 80% data bandwidth efficiency for SST non-FEC. However, this turns
+	 * out to be a nop by coincidence, and can be skipped:
+	 *
+	 *	int max_link_rate_kbps = max_link_rate * 10;
+	 *	max_link_rate_kbps = DIV_ROUND_CLOSEST_ULL(max_link_rate_kbps * 8, 10);
+	 *	max_link_rate = max_link_rate_kbps / 8;
 	 */
 
-	return max_link_clock * max_lanes;
+	return max_link_rate * max_lanes;
 }
 
 bool intel_dp_can_bigjoiner(struct intel_dp *intel_dp)
diff --git a/drivers/gpu/drm/i915/display/intel_dp.h b/drivers/gpu/drm/i915/display/intel_dp.h
index 1345d588fc6d01e52f92d4b0451206553710dd8b..ae0f776bffab8314601c9420e89529c9bc4dcfc3 100644
--- a/drivers/gpu/drm/i915/display/intel_dp.h
+++ b/drivers/gpu/drm/i915/display/intel_dp.h
@@ -88,7 +88,7 @@ bool intel_dp_source_supports_hbr3(struct intel_dp *intel_dp);
 
 bool intel_dp_get_colorimetry_status(struct intel_dp *intel_dp);
 int intel_dp_link_required(int pixel_clock, int bpp);
-int intel_dp_max_data_rate(int max_link_clock, int max_lanes);
+int intel_dp_max_data_rate(int max_link_rate, int max_lanes);
 bool intel_dp_can_bigjoiner(struct intel_dp *intel_dp);
 bool intel_dp_needs_vsc_sdp(const struct intel_crtc_state *crtc_state,
 			    const struct drm_connector_state *conn_state);